I'd be looking at multiple structures. we try to build below the average new build cost in our market in Columbus Ohio which is 515,000 last year and we target land 40-50k and urban core adjacent where we get higher price per square foot. we build for clients with margin around $190 a sq ft depending on multi or single. we can get that down in our triplex it's a little higher on our single family homes because of garages and limited economies of scale. hope that helps. idk Philly but if you show me the area and styles of homes I can give you some more insights. 

My wife and I have a vacant lot in Tallahassee and we're looking to use the current equity to exchange for a larger single family investment property.

I come from a family of Marines.

We bought a single family up here last year and converted a garage to an ADU, which rented out really quickly to a great young couple.

Anything single family will require very creative strategies in order to generate cashflow. 

If you're looking for cash flow you can easily make $300/mo net on a single family property in a better neighborhood/condition.

Investment Info:Large multi-family (5+ units) buy & hold investment in Flagler Beach.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

I currently own (and property manages) one investment property (2 family rental).